Disclaimer

The following
information is not for disclosure, publication or distribution,
directly or inderectly, in or into the United States, the People's
Republic of China, Canada, Australia or Japan.

The
information contained in this section of website is not an offer for
sale of or invitation to make offers to purchase any securities in the
United States. Any shares of Public Joint Stock Company “Research and
production corporation “United Wagon Company” (hereafter – the
“Company”) have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, or in any other state agencies or
jurisdictions of the United States regulating circulation of securities,
and may not be offered or sold in the United States or to any persons
in the United States. Exception to this rule applies to the cases
specified by the registration requirements of the U.S. Securities Act of
1933 or other state securities laws, as well as to the transactions not
subject to such requirements.

The information
contained in this section of website along with its copies shall not be
downloaded or transferred to the United States or any territory of the
United States, or distributed, directly or indirectly, in the United
States or any territory of the United States. Persons staying in the
territory of the United States or “persons in the United States”, as
defined in Regulation S of the U.S. Securities Act of 1933, shall not be
granted access to this section of website. Any failure to comply with
this requirement may constitute a violation of the U.S. Securities Act
of 1933.

The information contained in this section
of website is not a prospectus for the purposes of the Directive
2003/71/ЕС (together with any applicable implementing measures in any
Member State, the “Prospectus Directive”). A prospectus, if prepared and
published pursuant to the Prospectus Directive, will be made available
to the public in accordance with the Prospectus Directive. Any offer of
securities to the public that may be deemed to be made pursuant to these
materials in any EEA Member State that has implemented Prospectus
Directive is only addressed to and is only directed at qualified
investors in that Member State within the meaning of the Prospectus
Directive.

The distribution of information
contained in this section of website may be restricted by law in certain
jurisdictions, and persons into whose possession these materials or
other information referred to herein come should inform themselves about
and observe any such restriction. Any failure to comply with these
restrictions may constitute a violation of the laws of any such
jurisdiction.

Some of the statements on this website constitute forward-looking statements of future events.

forecasts of the present value of future cash flows;plans and goals relating to Company’s products and services;

plans as to the development of corporate governance;

the Company’s expectations as to its position on the market;

industry trends;

expectations as to regulatory changes and assessment of impact of regulatory initiatives on the Company’s activity;

assumptions on which such statements are based.

Such
forward-looking statements are subject to risks, uncertainties and
other factors, which could cause actual results to differ materially
from those expressed or implied by these forward-looking statements.

These
risks include risks relating to changes in the Company’s activity and
its perspectives; changes in political and economic conditions in Russia
as well as changes in global economic conditions; changes in current or
future industrial regulation, Russian legislation; competition and
other factors.

The securities (additional shares)
prospectus and other publicly available documents of the Company contain
a detailed description of the above factors.

Many
of these factors are beyond the Company’s ability to control and
predict. Given these and other uncertainties, the Company cautions not
to place undue reliance on any of the forward-looking statements
contained herein or otherwise. The Company does not undertake any
obligations to release publicly any revisions to these forward-looking
statements to reflect events or circumstances after the date hereof or
to reflect the occurrence of unanticipated events, except as may be
required under applicable laws.